Deribit Unveils 4% USDC Yield Program to Boost Platform Efficiency
Deribit, the world’s leading crypto options exchange, has rolled out a new yield program designed to give eligible USDC holders an annual return of 4%, part of its broader effort to expand collateral flexibility and enhance capital efficiency for traders.
The yield payments are facilitated through Deribit’s partnership with Coinbase, which serves as its custodian for USDC assets. Coinbase offers rewards to USDC holders, currently set at 4% as of July 2025, though rates are subject to periodic adjustments.
USDC, the world’s second-largest dollar-backed stablecoin, holds a market capitalization of $63.83 billion at present. Deribit itself handles nearly 80% of the global crypto options trading volume, making this new feature a significant addition for users looking to maximize returns on their stablecoin balances.
Eligibility for the yield depends on a user’s jurisdiction. For institutional clients, Deribit evaluates both the country of incorporation and the principal place of business to determine participation rights.
To earn rewards, users must store their USDC directly with Deribit, rather than using external custodians. In cases of hybrid storage, only the USDC kept on Deribit’s platform will qualify for yield calculations.
The first payouts are scheduled for August 2025, based on users’ lowest daily USDC balances between July 15 and July 31, as stated in Deribit’s official announcement.
